Prior to embarking on your journey to earn Bitcoin via Trust Wallet, it is essential to establish a foundational wallet if one is not already in possession.

Trust Wallet offers two primary avenues for access, either through its mobile application or the Trust Wallet Extension designed for desktop web browsers.

Within this context, we will elucidate the process of initializing a new wallet using the Trust Wallet Mobile App.

Phase 1: Acquisition of the Latest Trust Wallet App
Begin by downloading the most up-to-date iteration of the Trust Wallet App.

Phase 2: Wallet Inception
Launch the Trust Wallet app and opt for the 'Create a new wallet' option.
Select a suitable method for safeguarding your wallet. Proceed by adhering to the provided instructions to activate your newly established wallet.

Step 3: Establish BTCB Balance in Your Wallet

Please take note: In order to engage in Bitcoin accumulation through the Venus Protocol, it is imperative to ensure a sufficient BTCB balance. BTCB, a parallel representation of Bitcoin, operates within the BNB Smart Chain ecosystem (BEP20) and serves not only as your asset base but also as a means to address transaction gas fees.

To acquire BTCB within your wallet, multiple pathways exist, including:

Deposit or Procure BTC on the Bitcoin blockchain and subsequently perform a conversion to BTCB on the Binance Smart Chain (BEP20). This route encompasses several steps due to the current unavailability of direct BTC to BEP20 asset exchanges.

For comprehensive guidance, please refer to the instructions provided (particularly the section detailing 'How to swap BTC or ETH to BEP20 tokens').

Direct Deposit of BTCB (BEP20).

Exchange another BEP20 asset for BTCB (BEP20).

Upon successful accumulation of BTCB within your wallet, you will be poised to commence your earnings journey through the Venus Protocol.

What is the Venus Protocol?

The Venus Protocol: An Insightful Examination

The Venus Protocol emerges as a pioneering force within the realm of decentralized finance (DeFi), specifically operating atop the BNB Smart Chain.

At its core, this platform facilitates a multifaceted ecosystem encompassing lending, borrowing, and the creation of synthetic stablecoins, notably denoted as VAI. Crucially, the value underpinning these actions is upheld by assets contributed by users.

Venus stands as an amalgamation of principles drawn from two prominent Ethereum-based counterparts, Compound and MakerDAO.

It seamlessly unites the functionalities of lending and stablecoin generation, forging a cohesive and self-contained financial system.

Within this dynamic, which thrives on permissionless lending, participants possess the capacity to accrue interest on their collateral assets or employ them as collateral to access borrowed funds, thereby engaging in the full spectrum of lending and borrowing services furnished by the platform.

How to earn BTC using Venus Protocol and Trust Wallet

How to Accumulate BTC via Venus Protocol with Trust Wallet

Step 1: Establish a Connection with Venus Protocol

Open the Trust Wallet Web3 Browser.
In the search bar, enter https://app.venus.io/ and navigate to the designated website.
Opt for the 'Connect wallet' option, followed by selecting 'Trust Wallet.'

Step 2: Wallet Connection and Initiation

Connect your wallet and click on 'Let’s get started.'
Within the BTCB section, determine your desired amount.

Step 3: Approval and Confirmation

Locate the 'Approve BTCB' button after selecting your desired amount.
Confirm the smart contract call.

Step 4: Supplying Funds

Choose the 'Supply' button and authorize the smart contract call.
With a successful supply, your journey to earning rewards commences.

Accumulating and Redeeming Rewards – Vital Considerations

In addition to earning BTCB, you also earn XVS, as shown in the above process.

Once you earn the rewards, you can choose to swap the XVS rewards for additional BTCB (or any other swap pair asset offered) from within the Venus Protocol dApp.

You can use the in-app swapping feature of Trust Wallet to swap from BTCB back to BTC on the Bitcoin chain.

With Trust Wallet, you have the freedom to approach this as you wish. If you do want to swap BTCB to BTC, just remember this will require a couple of steps

n tandem with your BTCB earnings, it's imperative to acknowledge the accrual of XVS, as elucidated in the preceding procedure.

Once these rewards materialize, a pivotal decision awaits – the option to exchange your XVS rewards for additional BTCB, or any other available asset within the Venus Protocol dApp.

To facilitate this transition, the Trust Wallet app offers an in-app swapping feature that empowers you to convert BTCB back into BTC on the Bitcoin chain according to your preference.

It's worth noting that this maneuver involves a sequential process, thus necessitating a cautious approach if you decide to swap BTCB back to BTC.

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